SECTOR EXPERTISE Power, Utilities and Infrastructure Absa | Corporate and Investment Banking > Sector Expertise > Power, Utilities and Infrastructure Your partner in facilitating complex projects across the continent We provide tailored financing solutions and expertise to meet Africa’s growing energy and infrastructure demands. TOTAL DEAL VALUE R70bn + DEALS DONE 33 + THOUGHTS FROM OUR LEADERS Powering up the African continent One of the key factors inhibiting commerce and development in Africa is the inadequacy of world class infrastructure to support power, water, ICT and transport services – therein lies an enormous opportunity for firms operating in this sector. Electric power has consistently attracted the largest portion of new capital in Africa. And yet the continent still only has an electrification rate of 30%, thus power remains a substantial area for potential growth. Beyond electricity, significant opportunities exist more broadly across infrastructure – these include roads and rail networks, telecoms, ports & airports, healthcare and social infrastructure. While the need is clear, the financing of these projects remains a challenge. The African Development Bank (AfDB) estimates that Africa’s infrastructure requirements amount to between US$130 billion and US$170 billion per year – with a financing gap in the range of US$68 billion and US$108 billion. These figures are far higher than previous estimates. As a leading pan-African financier, with an on-the-ground presence in 10 countries across the continent, we believe we have a key role to play in closing this gap. At Absa CIB, we work with multinationals, developers, engineering, procurement and construction firms, equipment manufacturers and other stakeholders, and pride ourselves on having the necessary expertise to structure the complicated funding of large infrastructure projects in emerging markets – assisting our clients to navigate the associated risks to win in these territories. We partner with you to make things happen. Bhavtik Vallabhjee Head: Power, Utilities & Infrastructure https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Latest insights A look at the factors driving infrastructure projects across the continent today. POWER, UTILITIES & INFRASTRUCTURE INSIGHTS Energy sector moves up a gear While South Africans are understandably frustrated by the operational issues at Eskom and the impact it is having on business and quality of life, it is important to stop and appreciate that real progress is being made. Read more POWER, UTILITIES & INFRASTRUCTURE INSIGHTS Power sector policy changes will unlock significant value Seventy-five billion Rands - This is the estimated value of construction sector related economic activity that could potentially be unlocked over the next few years. Read more DEALS Redefining the future through green energy finance Green, clean, energy is the way to go. Our R5,2bn deal with Globeleq demonstrates our commitment to the financing of clean energy and the acceleration of investments that make a sustainable impact on the communities we serve. The bravery to imagine. That’s Africanacity Read more DEALS Partnering to Power Africa Making business visions a reality with a R11,6 billion renewable energy project Read more POWER, UTILITIES AND INFRASTRUCTURE Energy and Infrastructure: The African economic multiplier Forward thinking investors and entrepreneurs in the African energy sector will deliver significant downstream benefits for the continent in the coming years. Read more POWER, UTILITIES & INFRASTRUCTURE INSIGHTS Absa Insights Series: The future of renewable energy is bright The untapped potential of Africa’s treasure trove of natural wealth presents its beneficiaries with a prosperous future, if exploited. Subscribe for quarterly updates Analysis and data-driven insights for a changing world – delivered direct to your inbox. Name Company e-mail address I consent to provide my personal information being collected and processed for this subscription. I Accept the Terms and Conditions OUR TRACK RECORD Feedback from our clients “Absa provided us with advice on matters related to project finance and maximising interest income on excess cash. The service received has been outstanding and we have had better-than forecasted interest earnings as a result of the guidance and restructuring provided by Absa CIB. We have also received substantial support for decision making purposes when it comes to financial instruments held with Absa.” Dorper Wind Farm – South Africa President, Trade Association - Africa "Absa has been a partner bank to ACWA Power since our first successful project bid, providing the group with project financing, working capital as well as mandated as the account bank for the project. Absa has provided great value through its service, tailored solutions, valuable insights and advisory to the group." ACWA Power – UAE and Africa President, Trade Association - Africa "As a partner bank to Marubeni for over 6 years, the Absa team has provided awesome service in assisting us to establish our South Africa office. Their always-available attitude has supported us to facilitate our entry into both the South African and African Market." Marubeni Middle-East & Africa Power Limited – Japan President, Trade Association - Africa "Having a Pan-African banking partner is very important to the group as it gives us a competitive advantage in the market. We are now able to go for the projects we want because we have a partner bank that understands our business and is ready to help us materialise our growth ambitions in the continent." Gransolar Group – Spain President, Trade Association - Africa Contact us 0860 500 703 +27 (0) 10 211 3117 rsc.corpprc@absa.co.za Subscribe for quarterly updates Analysis and data-driven insights for a changing world – delivered directly to your inbox. Subscribe now Rate our website How would you rate your overall satisfaction with this website? 1 2 3 4 5 Great! Please tell us more What did you like most about the website? Insights offered Look and feel Variety of content Next Please tell us more Which of the following could be better? 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